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  • US stocks close the week on the plus side

    Stocks on the American exchanges rose, with the benchmark gauges extending their record highs, as market participants weighed the latest testimony from Federal Reserve Vice Chair Janet Yellen. Market sentiment favours a continuation of record stimulus after Yellen said the Fed will continue to support the nation’s recovery. US stocks have been a prime benefactor

  • US stocks rise as Yellen boosts stimulus bets

    Stocks on the American exchanges received a boost after Janet Yellen reaffirmed her support for record stimulus. The soon-to-be Chairman of the Federal Reserve told the Senate Banking Committee the economy is still in need of government support, and that the Fed’s measures are the “surest path to returning to a more normal approach to

  • US stocks rise, S&P 500 Index sets another record

    Stocks on the American exchanges rebounded, sending the Standard & Poor’s 500 Index to a fresh new high. The benchmark index was buoyed by Macy’s (NYSE:M) , which posted better-than-expected corporate earnings. The department store retailer’s earnings per share jumped 31 percent from a year ago to 47 cents, exceeding estimates by 8 cents. Revenues rose

  • US stocks fall as data, corporate earnings drive QE speculation

    Stocks on the American exchanges fell one day after the Dow Jones Industrial Average extended its record high, as market participants weighed economic data and corporate earnings against the Federal Reserve’s balance sheet. Stronger-than-expected GDP and employment growth, combined with a stellar earnings season from top US companies, has fueled speculation about the pace and

  • US stocks edge higher on QE bets
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    US stocks edge higher on QE bets

    November 12, 2013, 07:34 GMT

    Stocks on the American exchanges rose, as market participants continued to digest the prior week’s data wire. The Dow Jones Industrial Average hit a record high for the third time in a week amid speculation the Federal Reserve could taper bond purchases sooner than expected. The US economy was more resilient than economists expected leading

  • US Stocks buoyed as risk on trades moved to the forefront

    Stocks in the US started the trading session in the black as risk on trades moved to the forefront. With QE likely to remain intact until mid-2014 and reports circulating that the Fed is considering changing their target for unemployment to 6% or even 5.5%, stocks were buoyed. Earnings continue to beat expectations while Twitter

  • US stocks decline as economy outpaces expectations

    Stocks on the American exchanges declined after national GDP grew faster than expected, fueling speculation about when the Federal Reserve would begin scaling back record stimulus. The US economy grew at an annualized rate of 2.8 percent last quarter, exceeding most economists’ expectations. A closer look at the GDP data show consumer spending and business

  • Twitter Pops on IPO
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    Twitter Pops on IPO

    November 8, 2013, 07:25 GMT

    On Thursday morning, shares of the newly public Twitter (NYSE:TWTR) were sent racing to the upside despite broad market weakness. After the tough initial public offering from competitor Facebook (NASDAQ:FB) just a couple years ago, all eyes were on the Big Board this morning. The company elected to go with the New York Stock Exchange

  • US stocks fluctuate ahead of GDP
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    US stocks fluctuate ahead of GDP

    November 6, 2013, 07:41 GMT

    Stocks on the American exchanges fluctuated before closing to the down side, as market participants look ahead to high profile data releases later in the week. Government economists will release official GDP estimates Thursday, followed by nonfarm payrolls Friday. Gross domestic product and employment are the most closely followed growth indicators. GDP—the value of all

  • AIG Sinks on Mixed Results
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    AIG Sinks on Mixed Results

    November 2, 2013, 22:40 GMT

    Shares of American International Group (NYSE:AIG) , or AIG, traded to the downside on Friday morning following the company’s quarterly report on Thursday. Over the last few years the company has looked to re establish itself after tough derivative bets nearly broke the back of the financial system just five years ago. Net income rose 17

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